From words to action: unpacking the real impact of sustainability initiatives on carbon emissions reduction

IF 2.9 Q2 MANAGEMENT Social Responsibility Journal Pub Date : 2023-08-30 DOI:10.1108/srj-06-2023-0320
A. Issa, Mohammad In’airat
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引用次数: 2

Abstract

Purpose The purpose of this study is to analyze the correlation between a company’s efforts to reduce carbon emissions and its actual carbon performance. Additionally, the study investigates how female decision-makers may influence this relationship as moderators. Design/methodology/approach This study uses a data set consisting of 1,258 observations from companies listed on the STOXX Europe 600 index between 2009 and 2021. The study applies the ordinary least squares technique to investigate the connection between carbon reduction initiatives and actual carbon performance, taking into account the potential impact of board and executive gender diversity. To ensure the reliability of the findings, subsample analysis and a two-step generalized method of moments technique were used. Findings The results show a significant negative association between a firm’s commitment to environmental initiatives and its carbon emission intensity. Furthermore, the study explores the moderating effect of board and executive gender diversity on this relationship and finds that gender diversity has a significant negative impact on the relationship between emissions reduction initiatives and carbon emissions. Practical implications The study has practical implications for corporate sustainability efforts. It highlights the importance of implementing carbon reduction initiatives to effectively mitigate carbon emissions. This emphasizes the need for sustainable business strategies that prioritize environmental initiatives. Additionally, the study underscores the positive impact of gender diversity in leadership positions on carbon reduction efforts. Policymakers and organizations can leverage these findings to promote gender diversity and enhance sustainability practices. Social implications It provides evidence-based insights for policymakers to develop specific policies and action plans in priority areas such as climate change and emissions reduction. It also highlights the positive influence of gender diversity in corporate leadership on environmental initiatives, promoting inclusivity and equality in sustainability practices. Originality/value This study brings originality by investigating the direct impact of a company’s carbon reduction initiatives on its carbon performance. It also explores the moderating effect of board and executive gender diversity on this relationship. The study provides evidence-based insights for policymakers and applies neo-institutional theory to analyze the interplay between carbon reduction initiatives, carbon emissions and gender diversity in executive and board positions.
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从语言到行动:揭示可持续发展倡议对碳减排的真正影响
本研究的目的是分析公司减少碳排放的努力与其实际碳绩效之间的相关性。此外,该研究还调查了女性决策者作为调节者如何影响这种关系。设计/方法/方法本研究使用的数据集由2009年至2021年期间STOXX欧洲600指数上市公司的1,258个观察结果组成。考虑到董事会和高管性别多样性的潜在影响,该研究应用普通最小二乘技术来调查碳减排举措与实际碳绩效之间的联系。为了保证结果的可靠性,采用了子样本分析和两步广义矩法技术。研究结果表明,企业对环境倡议的承诺与其碳排放强度之间存在显著的负相关关系。此外,研究还探讨了董事会和高管性别多样性对这一关系的调节作用,发现性别多样性对减排举措与碳排放之间的关系具有显著的负向影响。实际意义本研究对企业可持续发展的努力具有实际意义。它强调了实施碳减排举措以有效减少碳排放的重要性。这强调了优先考虑环境倡议的可持续商业战略的必要性。此外,该研究还强调了领导职位性别多样性对碳减排工作的积极影响。决策者和组织可以利用这些发现来促进性别多样性和加强可持续性实践。社会影响它为决策者在气候变化和减排等优先领域制定具体政策和行动计划提供了基于证据的见解。它还强调了企业领导层中的性别多样性对环境倡议的积极影响,促进了可持续性做法中的包容性和平等。原创性/价值本研究通过调查公司碳减排举措对其碳绩效的直接影响,带来了原创性。它还探讨了董事会和高管性别多样性对这种关系的调节作用。该研究为政策制定者提供了基于证据的见解,并应用新制度理论分析了碳减排举措、碳排放与高管和董事会职位性别多样性之间的相互作用。
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来源期刊
CiteScore
7.30
自引率
6.20%
发文量
65
期刊介绍: The Social Responsibility Journal, the official journal of the Social Responsibility Research Network, is interdisciplinary in its scope and encourages submissions from any discipline or any part of the world which addresses any element of the journal''s aims. The journal encompasses the full range of theoretical, methodological and substantive debates in the area of social responsibility. Contributions which address the link between different disciplines and / or implications for societal, organisational or individual behavior are especially encouraged. The journal publishes theoretical and empirical papers, speculative essays and review articles. The journal also publishes special themed issues under the guidance of a guest editor. Coverage: Accountability and accounting- Issues concerning sustainability- Economy and finance- Governance- Stakeholder interactions- Ecology and environment- Corporate activity and behaviour- Ethics and morality- Governmental and trans-governmental regulation- Globalisation and disintermediation- Individuals and corporate citizenship- Transparency and disclosure- Consumption and its consequences- Corporate and other forms of organization
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